DLA Piper UK LLP
It was the Italian novelist Umberto Eco who said that "we like lists because we don't want to die." List-making and list-keeping are integral parts of human life.
The Non-Citizen (Property) Restriction Act has recently been amended to remove some restrictions on the possibility for a non-citizen to acquire immovable property in Mauritius.
Property development has reached a tipping point in Mauritius. Since December 2014, we have seen the Government's introduction of the Property Development Scheme (PDS)...
The SCS is an innovative way ahead although it regroups certain existant projects which have had to change some of their objectives to be qualified within the concept of the SCS.
The Property Development Scheme or PDS was created by the Government in place since December 2014, as a successor to the previous schemes, that is, (i) Integrated Resort Schemes (IRS) and (ii) Residential Estate Schemes.
So another year sprints over the finishing line and we wonder, as usual, just where it went.